The Nigerian stock market concluded the day’s trading on a positive note, as bulls continued their 4 days streaks on equities driven by investors huge interest in Dangote Sugar on its proposed merger. As a result, the benchmark NGXASI index gained 8 basis points (bps) to close at 68,334.68 points, as against its previous day closing value of 68,279.14 points.
https://www.digital.zenithbank.com/ZEQ/ZEQ-jan-2026/index.html#p=1The favorable performance of the day was primarily influenced by investors’ buy interest in prominent stocks. Notable OANDO (+9.84%), BUA Foods (+2.78%), UBA (+0.66%), Fidelity Bank (+0.60%), DANGSUGAR (+5.18%) MTN Nigeria (+0.04%), along with 24 other stocks.
The year-to-date return grew to 33.33%, accompanied by a 0.08% up trend in the overall market capitalization, which ultimately reached N37.40 trillion. This outcome led to an increase in investors’ wealth by N30.40 billion.
Market activity witnessed a decline as both trading volume and value exhibited decrease, shed 34.04% and 21.70% to 557.85 million units and N10.21 billion, respectively.
We anticipate this bullish momentum to continue for the rest of this week, as we see banks release their half-year results with great profits.
Currency Market
The Nigerian Naira appreciated by 0.39% against the US Dollar in the I&E Window, closing at a rate of N744.97/USD. —
